India’s AWL Agri Business (AWLA.NS), formerly known as Adani Wilmar, has announced a roughly 22% increase in fourth-quarter profit, driven by increased demand in its core edible oils segment.

For the quarter ending March 31, the consumer products company, which produces cooking oil under the Fortune brand, posted a combined net profit of 1.9 billion Indian rupees ($22.36 million), down from 1.56 billion rupees the previous year.

Revenue from its core edible oils segment, which accounted for more than 81% of total revenue, jumped 45% during the quarter, driven by increased demand for sunflower and mustard oils.

AWL’s food unit, which sells staples such as rice and wheat, reported revenue growth of 9%, driven by strong demand and distribution through e-commerce and trade channels.

In February, AWL’s chief executive officer, Angshu Mallick, told Reuters that the company expects sales to grow 10% in fiscal 2026, led by demand from 10-minute delivery apps and tax cuts.

Overall revenue rose about 38% in the fourth quarter.

Following the Adani Group’s sale of its share to Singapore’s Wilmar International, the company rebranded itself from Adani Wilmar in March.

On Friday, May 2, rival Marico (MRCO.NS), the company that sells cooking oil under the Saffola brand, will release its results. After three consecutive quarters of declining profits, the corporation targets sales growth in the low single digits for the three months ending March.

Source: Reuters

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